Table of Contents
What is the best TSX stock to buy?
15 Top TSX Stocks for June 2022 (Smallest to Largest)
- Waste Connections (TSX:WCN), $41.9 billion.
- Barrick Gold (TSX:ABX), $46.3 billion.
- Shopify (TSX:SHOP), $57.6 billion.
- Bank of Montreal (TSX:BMO), $89 billion.
- Canadian Natural Resources (TSX:CNQ), $98.1 billion.
- Toronto-Dominion Bank (TSX:TD), $172.8 billion.
Is TSX a good investment?
Despite lingering economic uncertainty because of the pandemic, TSX growth stocks can make excellent long-term investments. By definition, TSX growth stocks are companies on the Toronto Stock Exchange that have above-average growth prospects.
What are good Canadian stocks to buy right now?
Using dividend yield to compare results, here are Canadian companies we consider to be some of the best Canadian dividend stocks to buy and hold:
- Enbridge Inc.
- CIBC (TSX:CM.TO), with 5.76% yield.
- Keyera Corp (TSX:KEY), with 5.58% yield.
- TransAlta Renewables (TSX:RNW), with 5.27% yield.
- Granite REIT (TSX:GRT.
What is the TSX prediction for 2022?
The median prediction of 26 portfolio managers and strategists was for the S&P/TSX Composite index (. GSPTSE) to rise 4.4% to 21,183 by the end of 2022, compared with a forecast of 22,175 in the previous poll in February.
What should I invest in right now in Canada?
Some of the top-performing banks in Canada, including ‘The Big 5’ are:
- National Bank of Canada (TSX:NA)
- Toronto-Dominion Bank (TSX:TD)
- Bank of Nova Scotia (i.e. Scotiabank) (TSX: BNS)
- Royal Bank (TSX:RY.TO)
- Canadian Imperial Bank of Commerce (i.e. CIBC) (TSX:CM)
- Bank of Montreal (BMO) (TSX:BMO)
Where should I invest 20K right now?
4 ways to invest 20K
- Max out your retirement accounts. It’s never too early — or late — to plan for retirement.
- Let a robo-advisor do the work. So you’ve got your retirement accounts maxed, but you want someone to manage that money?
- Consider a brokerage account.
- Align your investments with your values.
Will Canadian banks do well in 2022?
The Bank of Canada’s latest policy decision outlines an expectation for the consumer price index to remain elevated in the first half of 2022 before easing back toward the bank’s two per cent target in the second half of the year. However, ongoing global supply constraints continue to cloud the outlook.
What is the best place to invest money right now in Canada?
A GIC is one of the safest investments you can make, and it can be held in both non-registered and registered (TFSA, RRSP, RESP, RRIF) accounts. Because your money is tied up for 1 to 5 years, GICs tend to pay higher interest rates than savings accounts (which you can access any time).